Square, the popular mobile commerce system developed by Jack Dorsey, has been live in Canada since October 2012. The company is now “processing tens of billions of dollars in payments annually worldwide” and is signing up thousands of merchants.
Back in February, Dorsey was in Toronto and said the company were looking to have a permanent office in the Kitchener-Waterloo area, noting that the small city is similar to Silicon Valley. “I feel like what I saw of Waterloo… had that same sort of feeling: there’s an openness and there’s a desire,” he told the audience.
In a press release today, Square solidified its commitment by officially announcing that they will takeover 305 King Street in downtown Kitchener for its Canadian head office. In addition, the company will also “expand its Canadian team to more than 30 employees.”
“We are thrilled to be part of Kitchener-Waterloo’s thriving and talented tech community,” said Demetrios Marantis, head of international government, regulatory, and policy work at Square. “Square businesses have already facilitated hundreds of millions of dollars in commerce in Canada. We’re excited by how much more we can do to empower local sellers by establishing a Square office in Kitchener and deepening our commitment to the country.”